SCANDINAV REAL's market value is the price at which a share of SCANDINAV REAL trades on a public exchange. It measures the collective expectations of SCANDINAV REAL HEART investors about its performance. SCANDINAV REAL is trading at 1.05 as of the 18th of December 2024. This is a 1.87 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.04. With this module, you can estimate the performance of a buy and hold strategy of SCANDINAV REAL HEART and determine expected loss or profit from investing in SCANDINAV REAL over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
SCANDINAV
SCANDINAV REAL 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SCANDINAV REAL's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SCANDINAV REAL.
0.00
10/19/2024
No Change 0.00
0.0
In 2 months and 2 days
12/18/2024
0.00
If you would invest 0.00 in SCANDINAV REAL on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding SCANDINAV REAL HEART or generate 0.0% return on investment in SCANDINAV REAL over 60 days.
SCANDINAV REAL Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SCANDINAV REAL's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SCANDINAV REAL HEART upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCANDINAV REAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCANDINAV REAL's standard deviation. In reality, there are many statistical measures that can use SCANDINAV REAL historical prices to predict the future SCANDINAV REAL's volatility.
SCANDINAV REAL HEART retains Efficiency (Sharpe Ratio) of -0.15, which indicates the company had a -0.15% return per unit of risk over the last 3 months. SCANDINAV REAL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCANDINAV REAL's Information Ratio of (0.17), coefficient of variation of (646.55), and Market Risk Adjusted Performance of 28.49 to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0283, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SCANDINAV REAL are expected to decrease at a much lower rate. During the bear market, SCANDINAV REAL is likely to outperform the market. At this point, SCANDINAV REAL HEART has a negative expected return of -0.79%. Please make sure to validate SCANDINAV REAL's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if SCANDINAV REAL HEART performance from the past will be repeated in the future.
Auto-correlation
0.67
Good predictability
SCANDINAV REAL HEART has good predictability. Overlapping area represents the amount of predictability between SCANDINAV REAL time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 to 18th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SCANDINAV REAL HEART price movement. The serial correlation of 0.67 indicates that around 67.0% of current SCANDINAV REAL price fluctuation can be explain by its past prices.
Correlation Coefficient
0.67
Spearman Rank Test
0.68
Residual Average
0.0
Price Variance
0.04
SCANDINAV REAL HEART lagged returns against current returns
Autocorrelation, which is SCANDINAV REAL stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SCANDINAV REAL's stock expected returns. We can calculate the autocorrelation of SCANDINAV REAL returns to help us make a trade decision. For example, suppose you find that SCANDINAV REAL has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
SCANDINAV REAL regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SCANDINAV REAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCANDINAV REAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCANDINAV REAL stock over time.
Current vs Lagged Prices
Timeline
SCANDINAV REAL Lagged Returns
When evaluating SCANDINAV REAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCANDINAV REAL stock have on its future price. SCANDINAV REAL autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SCANDINAV REAL autocorrelation shows the relationship between SCANDINAV REAL stock current value and its past values and can show if there is a momentum factor associated with investing in SCANDINAV REAL HEART.